Kobalt Acquires CEG Rights From Cutting Edge – Will Administer Drive, Whiplash Scores

-         Kobalt acquires film score administration business, CEG Rights, from leading film music financier Cutting Edge Group-         Repertoire includes scores for films jointly grossing over $2bn including Drive, Non-Stop, Fury, The King’s Speech, and Whiplash.-         Growing specialism in music for media as acquisition adds catalogue to those administered for National Geographic and Air-Edel.18^th February 2015:- Kobalt has acquired CEG Rights BV, a publishing administration business dealing mainly in music for film and other media, from Cutting Edge Group.The deal will see Kobalt, the world’s largest independent music publisher, expand its film music repertoire to include scores from quadruple Oscar-winning film The King’s Speech, BAFTA-nominated Drive, US box office-topping thriller Non-Stop and 2014’s Whiplash, nominated for five awards including Best Picture at the 87^th Academy Awards, to be held on 22^nd February. Also included is Steven Price’s score for 2014’s Fury, nominated for best Original Score at the Hollywood Music in Media Awards. The catalogue’s combined box office grossed in excess of $2bn.In what is the company's first acquisition of a publishing administration business, Kobalt will bring its world-leading technologies – tailor-made for the growing tsunami of associated data – to bear on the global publishing and collections for these leading film scores. Kobalt will also administer the master recordings of the scores.  Kobalt and Cutting Edge Group will additionally work together to find secondary uses for the existing catalogue of the scores outside the original films as well as to pick up new scores.CEG Rights was set up in 2013 by Cutting Edge Group, the leading international film music financier and services provider, to administer worldwide music rights in its catalogue.Kobalt already administers the music catalogues of National Geographic (worldwide) and leading composer and music supervision company Air-Edel (worldwide ex. UK). It also publishes Disney’s entire music catalogue in Australasia, including scores for Pixar and Marvel films as well as the blockbuster soundtrack for the film Frozen.Richard Sanders, President of Kobalt said: “We are committed to building and investing in our film and TV admin business and the acquisition of CEG Rights, with its outstanding catalogue, represents a cornerstone to that commitment.”Cutting Edge Group’s Managing Director Phil Hope added: “We are thrilled that our international administration is now in the hands of the leader in the music administration space and are very much looking forward to working on our catalogues with Kobalt and their expert team.“The Cutting Edge Group will continue to invest in music rights and will extend its focus on working with media producers to enhance the music in their productions. In tandem with our music marketing business, Cord Worldwide, we will work alongside Kobalt to maximize value for our investors, clients and composers alike.”Commented Kobalt’s Chief Financial Officer James Fitzherbert-Brockholes: “Kobalt has been steadily building its reputation at the growing intersection between music and audiovisual content. We have a great relationship with Cutting Edge Group, and this purchase was driven by the joint belief that Kobalt is well-placed to deliver a market-leading service in administering these magnificent scores.”Other scores covered by the deal include action blockbusters Unknown, Non-Stop, A Walk Amongst The Tombstones and John Wick. About Cutting Edge GroupCutting Edge Group (CEG) is a leading international music financier and services provider for film, television, and advertising, working directly with film and TV studios, independent producers, and global brands.  CEG has provided investment capital and music services to over 400 feature films, including “The King’s Speech,” which won the Best Picture Academy Award for 2010, Brad Pitts’ “Fury,” “John Wick,” “Drive,” and the Oscar nominated and BAFTA and Golden Globe winning movie “Whiplash.”  CEG’s group of companies include Varese Sarabande Records, the preeminent film and TV music soundtrack label; and CORD Worldwide, a music planning and buying business for global brands such as Apple, Shell, Nestle, and Unilever and ad agencies J. Walter Thompson and McCann.www.cuttingedgegroup.com About KobaltKobalt creates technology solutions for a more transparent, efficient and empowering future for rights owners, where artists, songwriters, publishers and labels can trust they will be paid fairly and accurately, regardless of how complex the digital world becomes. Kobalt’s innovative technology includes the world’s most advanced global licensing, collection and payment platform, the YouTube song-claiming tool Proklaim, the global digital music distribution platform AWAL, and the award-winning real-time data and insight reporting Portal.Kobalt’s Music Publishing, Label Services and Neighbouring Rights divisions each offer a modern alternative to the traditional music business model, empowering creators with flexible contracts, ownership, control, and total transparency.  With over 275 employees in offices around the world, Kobalt represents over 8,000 artists and songwriters, 600,000 songs and 500 publishing companies, servicing its clients with global licensing management, works and rights distribution, royalty collection and processing, online data and royalty statements, creative services, synch & brand partnerships, record release management and marketing.Kobalt works with some of the world’s greatest artists and songwriters, representing on average over 40% of the top 100 songs and albums in both the US and UK. Kobalt has an 98.5% client retention rate, including Maroon 5, Lenny Kravitz, Dave Grohl, Max Martin, Bob Dylan, Pitbull, Ellie Goulding, Macklemore & Ryan Lewis, One Republic, Simon & Garfunkel, Passenger, Akon, Ryan Tedder, Paul McCartney and MPL Communications, Disney Music Group, National Geographic, Air-Edel, Dr Luke, David Gray, Big & Rich, Stevie Nicks, Gwen Stefani, Nick Cave & The Bad Seeds, Noah Shebib, Thom Yorke, The Hives, The Lumineers, Richard Ashcroft, Björk, Kelly Clarkson, Gotye, Skrillex, Herbie Hancock, Moby, Kid Cudi, Joss Stone and the Miles Davis catalog among many others.www.kobaltmusic.com